Since becoming Special Envoy for Eurasian energy in 2009, Richard L. Morningstar has had a lot on his plate. He has been making a business argument for many of the big energy projects in Europe, during a time when money has been dwindling because of the global recession. Morningstar realizes that it’s all about economics. To create an efficient way to transport energy throughout Eurasia there must be a way for businesses to make a profit, he explained in a speech given last year. Big projects are overwhelmingly expensive. Energy markets are uncertain. The full impact of the financial crisis is still unfolding. Finding financing for projects will be more difficult than ever.
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